• Securing Retail: The Role of Information Sharing in Cybersecurity

  • Sep 27 2024
  • Length: 15 mins
  • Podcast

Securing Retail: The Role of Information Sharing in Cybersecurity

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  • Summary

  • Suzie Squier, President of the Retail & Hospitality Information Sharing and Analysis Center (RH-ISAC), discusses the evolution of cybersecurity threats in retail and the importance of collaborative defense.

    Why it matters:

    As cyber threats evolve, retailers need to stay ahead. RH-ISAC facilitates crucial information sharing among its 270 member companies to combat emerging risks.

    By the numbers:

    • 10 years: RH-ISAC has been operating since 2014
    • 270: Number of member companies in RH-ISAC
    • 2: Size of the smallest cybersecurity teams in member companies

    The big picture:

    Cybersecurity threats have evolved from point-of-sale skimming to sophisticated ransomware and AI-enabled attacks. RH-ISAC helps members stay ahead through:

    • Automated alerts on potential vulnerabilities
    • Routine threat briefings
    • Closed-door sessions to address specific threats

    What they're saying:

    "Trust is our biggest commodity, and it's something that we treasure among our brand," says Squier on the importance of secure information sharing.

    What's next:

    RH-ISAC aims to grow internationally while maintaining its community feel. Key focus areas include:

    • AI and its security implications
    • Cloud security
    • Mergers, acquisitions, and divestitures in cybersecurity

    Retail's Most Wanted is presented by LVT and the Attorney General Alliance.

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